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Search Results 0 to 6 of about 7 (some duplicates have been removed)
for spending including new initiatives for early childhood education, job training programs, expanding tax credits, and tax cuts as well. also, new funding for infrastructure. thethese ideas says -- president says is important for getting the economy to move in the right direction. >> it is a roadmap for creating jobs with good wages. at a time where deficit has been cut in half, it allows us to meet our obligations to future generations without leaving them a mountain of debt. >> republicans including john boehner called his budget the most irresponsible yet. they believe this is a campaign move that includes a whole host of issues that democrats like to campaign on on this midterm election year. this budget and the eyes of republicans and some democrats -- they are going to make some big changes. with the president has put the paper will change pretty quickly. >> thank you very much, peter cook. let's move on to media. the big story today was the entertainment network epix is joining the time warner cable family. it will be launched nationally on march 18. joining us to talk about this d
. the house ways and means chairman dave camp. he wants to blow up the tax code. not everybody likes that. >> he is getting it from all sides. he unveiled his plan yesterday. this is a more than 900 page effort. they want to totally overhaul the tax code. he is under fire from big banks. he even takes on the nfl. they have a tax exempt status. he is defending his plan amongst criticism from republicans and democrats that aspects of this go too far. to simplifye have and get lower rates, we can grow the economy by 20%. if we get 20% growth, that will translate to almost 2 million jobs. economy is the number one issue facing americans. americans want to do something about it. this proposal is one way to do something about it. >> the argument from critics is that it may be true controversial for those who would otherwise support it. he will pushs that forward on it and start the conversation. >> is dave camp running for reelection? >> he is running for reelection. who hashis is someone been a serious lawmaker for a long time. people were waiting for this proposal. she will wait what happens
's efforts to dodge the tax man. a hearing will feature top officials from the justice department. peter cook has got the details. credit suisse is about to have a very highlighted moment in the congressional spotlight. i cannot believe this is welcome to them. >> an unwelcome moment, to be sure. as you just detailed, four top executives at credit suisse will find themselves on the hot seat. about what they knew about the efforts to avoid paying taxes and what they have been doing at the bank to clean it up ever since. the report assembled by the staff of the senate's permanent subcommittee includes they employed a range of banking practices that facilitated tax evasion by u.s. customers. they had 22,000 customers with swiss accounts with $10 billion to $12 billion. the vast majority was undeclared to the irs. the investigation details the lengths to which the bank tried to shield its american customers. swiss bankers flew to the u.s. sometimes on tourist visas to recruit new clients. the bank helped create shell accounts to hide identities and even opened a branch office in the z√úrich airpo
. that is a failure on the democratic side and i am a democrat. they look at tax reform that will not only simplify the tax code. this is to simply pay our bills. >> let's talk about bills that specifically the kind that get printed. i must -- and the new chair is scheduled to testify tomorrow. >> what we will hear from her is a projection of the continues to recover. frankly, the fact that we have moved from washington being net negative on the economic recovery, maybe the neutral. that can be a positive aspect. a number of members will press on when we will see some additional relaxation and quantitative easing. >> is that what you're going to ask? are those the questions you'll ask? >> by the time they get down to me, i'm sure that they will be asked. one of the areas that i want to highlight is one of the coming fiscal crisis that we have to get ahead of her. we have now had a true billion dollars in student debt that exceeds credit card debt. we are starting to see the price diminish state and the federal support. with the rising college costs, we bought that off with debt. that is coming to a
Search Results 0 to 6 of about 7 (some duplicates have been removed)